Each of us were making the assumption that the other one understood where & why the other person was coming from, but I don't think that actually was the case.All I was trying to find out from Bill, in the Rocky example was why he seemed to agree with the use of POA in order to cash the check.  

On the downside, Bank of America called a year ago to ask if I understood my 25 year equity loan (which had payments of about $600 a month on $250K) - turned out it was 10 years draw and then no more draw and 15 years of only payments (now about $2050 a month).  

That coverage is designed for the premises not the contracting operations. 

I guess I understood private lenders to be less aggressive than hard money lenders.I will look at my options and see what I can find.

They understood their net worth increase every month even if it doesn’t show up in their checking account.Back in the 1980s and 1990s, principal paydown was considered as cash flow.As syndication has gained more prominence, this concept has been forgotten or ignored.Happy to discuss further.Arn 

The way I understood it Susan was that the fund was not going to lend in residential properties state wide for Mississippi.

On the other, "Live Free or Die" is understood to apply to renters as much as to property owners.  

Numbers first, most questions newer investors have would be asked with a sense of direction if the numbers are understood.

This time the judge asked the tenant if they understood that she was overstaying as her lease was over and that she has to move out.

@David Semer if you “found 3 dogs” and they weren’t denoted expmIcItly the lease than that’s a material breach of the lease and just evict them under that premise.